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Belgium. Peugeot on top of a market reporting a robust recovery in May (-32%)

Belgium Auto Sales strongly recovered in May, as strict restriction measures were progressively eased during the month. Indeed, 34.752 units were sold in May (-32%), leading Year to Date sales to 167.453 (-31.4%). Peugeot was the best-selling brand, while Toyota registered the best Top 10 performance.Belgium Auto Market in MayBelgium is the World’s worst affected country in terms of number of deaths per head of population. Indeed, as of June 1, it was reported that there had been 819 deaths per one million head of population, almost double compared to France. However, having imposed strict restriction measures, the Governement progressively eased restrictions from May 4.As a result, in May registrations reported a strong recovery compared to April’s deep fall. Indeed, 34.752 units were sold in May (-32%), leading Year to Date sales to 167.453 (-31.4%).Peugeot was the best selling brand in May – outpacing the market trend (-14%) – while Toyota registered the best Top 10 performance, up 5.9%. Impressive performances scored by Mini (+23.1%), DS (+30.7%) and SsangYong (+63.6%).Post Covid19 Market TrendApparently the Covid19 diffusion in the country started later compared with South Europe and the Government has not taken any concrete action to avoid the diffusion until mid-March. Then, following the decision taken by all the rest of surrounding countries, it was decided to shut down all the activities, including automotive manufacturers and dealerships.So, sales activities were in the normal speed for over half the month and the new vehicles sales registrations in March had been only partially hit (-47.5%), ending the first quarter with 127.415 units sold (-18.3%).In April, strict national lockdown measures were held for the entire month. As a result, auto sales collapsed 90.1% with 5.296 units sold.Medium Terms Market TrendIn recent years the Belgium car passenger market was moderately positive, with sales grew up form 486k in 2012 to 550k in 2019, sustained by the positive economic momentum and by the incentives to renovate the car park with green vehicles. In 2019, despite decelerating compared to previous months, registrations reported the 5th annual gain in a row.The key factors for the development of the industry were the introduction of vehicles with lower CO2 emission and country economic development. Both factors pushing the market alternatively up and down.However, according to data released by the Federation Belge de L’automobile et du cycle, the start of 2020 was shy, with year-to-date February sales at 98.606, down 2.4%. Tables with sales figuresIn the tables below we report sales for all Brands and top 10 Manufacturers Group.This content is for members only. Visit the site and log in/register to read.

“It poisoned the German people by spreading among all classes the spirit of speculation”
Monday February 15, 2021

Thanks to @tuurdemeester, a quote from an analysis of the Weimar inflationary depression: The inflation retarded the crisis for some time, but this broke out later, throwing millions out of employment. At first inflation stimulated production because of the divergence between the internal and external values of the mark, but later it exercised an increasingly […]

A powerful explanation of America’s current economic dilemma
Sunday February 28, 2021

http://charleshughsmith.blogspot.com/2021/02/trapped.html The first market shadow nationalized was the mortgage market, the foundation of the housing market. After Wall Street’s epic swindle (subprime mortgages) imploded in 2008, the Fed printed trillions of dollars out of thin air and bought hundreds of billions of dollars in mortgages. The federal government nationalized the quasi-governmental mortgage issuers Fannie Mae […]

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